MNP Debt Blog

On October 29, 2018, Bill C-86, Budget Implementation Act, 2018, No. 2 was tabled, which includes some important amendments to the Wage Earner Protection Program Act (WEPPA).

The approach taken by the Canada Revenue Agency (CRA) regarding the collection of personal income tax debt is straightforward.

A lot has changed over the past 200 years, but those two simple truths live on. Much as it may irk some, cost more to others and confuse many, filing taxes is the law, plain and simple.

As a Licensed Insolvency Trustee, I meet a lot of people who are struggling with debt. And though their stories are all different, their experiences of searching for help often share a lot in common.

Some would believe that bankruptcy is an unappealing way to resolve their ongoing debt problems.

In today’s constantly shifting economic landscape, many Canadian households are struggling to keep up from one payment to the next – let alone keep up with an ever-increasing cost of living.

The intention of Canadian bankruptcy law is to provide honest and overextended debtors the opportunity for a financial fresh start.

There are several common scenarios which may cause you to wonder whether personal bankruptcy is an appropriate option to get out of debt.

Bankruptcy is one of the most anxiety producing words in the financial lexicon.

The primary purpose of the Bankruptcy and Insolvency Act (BIA) is to allow honest but unfortunate debtors relief from their debts and the chance to make a financial fresh start.